Bard Associates Inc. Cuts Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bard Associates Inc. trimmed its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,224 shares of the real estate investment trust’s stock after selling 500 shares during the period. Bard Associates Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $559,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HASI. Macroview Investment Management LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth about $31,000. Plato Investment Management Ltd purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter worth about $49,000. Point72 Hong Kong Ltd purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $69,000. Covestor Ltd grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 580 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.7 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.54 on Friday. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.02 and a beta of 1.98. The firm’s 50-day moving average is $33.77 and its two-hundred day moving average is $32.02. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.77 and a 1 year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.03%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HASI. Citigroup raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Mizuho lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target on the stock. The Goldman Sachs Group raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Robert W. Baird upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.83.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.